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Gold/Mining/Energy : Nuvo Research Inc

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To: READE SMITH who wrote (688)	1/10/1998 3:44:00 PM
From: CIMA	Read Replies (1) of 14101

My Toronto broker said Gundy's #1 broker expert and trader on Dimethaid is out here in Western Canada. Got his name and tried to reach him yesterday. He wasn't in until Monday but the fellow I did talk to said the price is likely dropping in sympathy with the overall market. He felt the stock was a buy around these levels. He said the Oxo Chemie arrangement was being extended because of the low Canadian dollar and the option is priced in U.S. $. He also said to expect news around the end of the month on WF10 through a medical journal, though it hadn't been confirmed, and that he, like everyone else is waiting on positive news for Pennsaid. He offered no explanation on the Gundy selling. Will follow-up with the #1 dude on Monday.

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